News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
A request for special permission to site a recreational vehicle (RV) on private property in San Angelo, Texas for one year was approved by the town’s city council. Jesus Tellez says he wants to live in the RV while he builds a house on the same property, according to sanangelolive.com. […]
RV must meet same Standards as Manufactured Home Read More
The Reseda Mobile Estates in California has been acquired by Anaheim, CA-based Reseda mhp Associates LP for $13.1 million. According to Briana Barbier of Marcus & Millichap, who represented the seller, the 108-site manufactured home community “is a stable, well-maintained community that provides affordable housing in the expensive, high-demand San
Land Lease Community Changes Hands Read More
The Calaveras County Community Corrections Partnership (CCP) in California is a collaboration of the county sheriff’s office, the district attorney and the probation department in an attempt to ease overcrowding in the state prison system and send qualified offenders back to their home counties for supervision. Many who return become
Modular Transitional Housing for Offenders Suggested Read More
U. S. stocks were significantly higher for the second straight day as tensions in the Ukraine faded slightly from the concern of investors, sending the Dow Jones Industrial Average up 88.97 points, +0.55 percent, to end the day at 16,336.19, according to CNNMoney. The Nasdaq moved up +53.36 points, +1.25
Drew Industries Leads Tracked Stocks Edging Up Read More
The National Association of Home Builders (NAHB)/Wells Fargo index of builder confidence rose to 47 in March from a reading of 46 in February. The gauge measures builders estimates of how the housing market is performing as it reflects the rising demand for new homes. Even as the traditional spring
New Home Builder Confidence Struggles Read More
Referring back to a story MHProNews.com published March 17, 2014 regarding the new housing reform finance bill being discussed in the Senate Banking Committee, Credit Suisse AG says it will only cover losses after private capital bears the first ten percent, which will lead to more expensive mortgages. The proposal
Housing Finance Reform Addendum; Lender Adds Manufactured Housing as Eligible Read More
On Sunday, March 16 at 4:47 PM ET, a news release was received from the Manufactured Housing Institute (MHI) on the topic of the highly-charged issue of a Government Sponsored Enterprise (GSE, “Fannie and Freddie”) reform plan. Some 3 Hours and 43 minutes later, at 8:30 PM on the same
MHProNews.com has learned that Canada’s Killam Properties, Inc. has chosen Ms. Karine MacIndoe to serve as a director of the corporation. Chosen for her experience in finance, capital markets and real estate, she is currently an independent consultant but previously worked for BMO Capital Markets, NM Rothschild & Son and
Killam Announces a Board Appointment Read More
Following a story MHProNews.com posted March 3, 2014 regarding Drew Industries’ Inc.’s (NYSE:DW) intent to purchase Star Design LLC, a formed plastic manufacturer of Elkhart, Indiana, the acquisition is now complete. Acquired through its wholly-owned subsidiary, Lippert Components, Inc., the $12.3 million purchase was made from the company’s $75 million
Drew Completes Acquisition of Star Design Read More
Investors were unfazed by the mounting tension between the U. S. and Russia over Ukraine, as the Dow Jones Industrial Average jumped 180.65 points, +1.12 percent to end the day at 16,247.22, according to CNNMoney. The Nasdaq moved up +34.55 points, +0.81 percent, to finish at 4,279.95, while the S&P
Nobility Gains, as does Dow, Nasdaq and S&P Read More
For the first quarter ending Feb. 1, 2014, Nobility Homes, Inc. (NOBH) reports sales increased 23 percent to $4,191,429 over the $3,401,667 for the comparable period in 2013. Net income based on those sales after taxes increased to $103,402, well above the $4,845 for the same period of 2013. Working
Nobility Homes Improves in 2014 Q1 Read More
A distributor of over 10,000 products to a customer base of 11,500, including components for the manufactured housing industry, BlueLinx Holdings, Inc. (BXC) has entered into an amendment for its U. S. revolving credit agreement for an additional $20 million line of credit, according to marketwatch.com. Led by Wells Fargo
Manufactured Home Component Supplier Expands Credit Read More
Fort Collins, Colorado has seen five manufactured home communities (MHCs) close in the last 20 years, displacing 461 families, and of the 14 remaining communities that represent 1,336 homesites, eight are set for redevelopment. MHProNews.com has learned 73 percent are owner-occupied. A study from 2012 to determine the place in
Colorado City: Net Loss of Manufactured Housing Homesites Read More
MHProNews.com has learned residents at Hickory Hill manufactured housing community (MHC) in Klecknersville, Pennsylvania, just north of Allentown, are forming a homeowners association and considering taking the owner to court for allegedly overcharging them on their utilities. They also claim the owner, Albert Jinks, requires them to buy upgrades—decks, garages
Manufactured Home Residents Forming Association Read More
Crestview Estates, a manufactured housing community in Norton Shores, Michigan has a new owner after the community’s water bills and other utilities went unpaid for several consecutive months by owner Adam Schwerin. While a group of Catholic churches paid the water bill previously, the new owners, ALT Property Management and
Manufactured Housing Community has New Owner Read More
Following a post MHProNews.com published March 13, 2014 regarding the new housing reform bill introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) for the Senate Banking Committee, the Manufactured Housing Institute (MHI) informs us the replacement for Fannie Mae and Freddie Mac would provide manufactured home (MH) loans
New Finance Reform Bill Includes Manufactured Housing Read More
Maryville, Tennessee-based Clayton Homes announces it is partnering with the Si Robertson clan in the Duck Commander 500 NASCAR® Sprint Cup Series race at Texas Motor Speedway April 6. Noting family Robertson has endorsed Clayton Homes as a “Good Call” for American homebuyers, Si and his wife, Christine, live in
Clayton, Robertson Clan Partner on Duck Commander Stock Car Race Read More
The National Mass Housing Development Programme in Namibia, Africa plans to build 185,000 modular houses by 2030 to ease the critical housing shortage. A Chinese-Namibian company called Afrina, a joint venture of the government with Sinotech Modular Housing of China, utilizes construction techniques that enable the building of a two-bedroom
Namibia Plans Modular Housing to Ease Shortage Read More
Political concerns about the future of Ukraine and worries about a downturn in the Chinese community kept investors away from the dance floor as the week saw a drop of about two percent in the value of the three major indexes. CNNMoney reports the Dow Jones Industrial Average fell -43.22
Drew and Patrick Industries Perform Best in Today’s Trading Read More
Marking a new chapter in resilient architecture in high water zones for vulnerable coastal cities, Nigerian architect Kunle Adeyemi, in conjunction with his Lagos and New Amsterdam-based firm NLE, has designed modular floating homes linked into neighborhoods, and perhaps even entire floating cities. Currently many people in the Makoko neighborhood
Floating Modular Homes Read More
